Study Notes | ETF Creations and Redemptions
① When U.S. spot Bitcoin and Ethereum ETFs first launched, they only allowed cash creations and redemptions. In July 2025, the SEC approved in-kind creations and redemptions for crypto-asset ETPs.
② The “net inflows” reported by the media refer to the amount calculated by subtracting redeemed shares from shares created over a period of time.
③ When tracking ETF fund flows, look at cumulative trends over several weeks. Large single-day inflows or outflows often result from individual institutions rebalancing their portfolios.
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① When U.S. spot Bitcoin and Ethereum ETFs first launched, they only allowed cash creations and redemptions. In July 2025, the SEC approved in-kind creations and redemptions for crypto-asset ETPs.
② The “net inflows” reported by the media refer to the amount calculated by subtracting redeemed shares from shares created over a period of time.
③ When tracking ETF fund flows, look at cumulative trends over several weeks. Large single-day inflows or outflows often result from individual institutions rebalancing their portfolios.
$BTC 74304.01（-2.03%）
#BTC
Opinions can be wrong at any time. Manage your own gains and losses.
